MLS#1226079
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income.This asset produces an estimated NOI of $78,000 annually with a 7.6% cap rate, making it an attractive option for investors seeking versatility. Multiple parcels may be included adding an addition 2 retail storefront spaces with turnkey flexability.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Heating: Central
Lot Size: 0.09 Acres
Year Built: 1952
Feature Descriptions
Days on Site: 12
Directions: Exit I-95: Take Exit 260A for US-92 E/W International Speedway Blvd toward Daytona Beach/Airport. Continue East: Follow W International Speedway Blvd east for 5-6 miles, crossing the Halifax River (Main Street Bridge/Broadway Bridge).Turn South: After cro
Exterior: Concrete, Stucco
Listing Terms: Cash, Conventional
Lot: Other
Parcel #: 5316-21-00-0071
Parking: Parking Lot
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Road Frontage: State Road
SQFT Total: 3066
Units: 2
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: Roy & Company
Shown By
Agency Title: Adams Cameron & Co. REALTORS
Agency Phone: 386-717-3445
2016 S Atlantic Avenue | MLS# 1226079
This commercial property located at 2016 S Atlantic Avenue, Daytona Beach Shores, FL 32118 is currently listed for sale with an asking price of $1,000,000. Search Daytona Beach Shores real estate on online.adamscameron.net today.